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Please show all of the factors used in the calculation PV, I/Y, N, etc. NOT just the answer. If the calculation involves an annuity, please
Please show all of the factors used in the calculation PV, I/Y, N, etc. NOT just the answer. If the calculation involves an annuity, please indicate if it is an ordinary annuity or an annuity due.
- If an investment of $5,000 grows to $6,500 in 10 years compounded monthly, what is the annual rate of return?
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